Fiduciary responsibility in health care - with Donovan Ryckis

Welcome to this episode of the ShiftShapers podcast, where we explore the journey of Donovan Ryckis, CEO of Ethos Benefits. Here, we discuss fiduciary responsibility in health care as Ryckis tell us the story of his personal evolution. From managing a Gold’s Gym to working in securities advising, he ultimately established a flourishing health care agency. His narrative unveils the hurdles and triumphs encountered when transitioning from a commission-driven approach to fee-based consulting. Throughout our conversation, Ryckis underscores the pivotal role of fiduciary duty and transparency in cultivating client trust in the health care industry.

Ryckis sheds light on the intricacies of reference-based pricing, highlighting its potential in managing health care expenses while acknowledging the accompanying need for heightened administration and employee communication. Moreover, he articulates how Ethos Benefits’ commitment to ethical standards and delivering genuine value has been instrumental in its ascent. Business executives and other organizational leaders, we invite you to tune in to this episode of ShiftShapers and learn the importance of selecting a benefits vendor who acts with the health care recipients’ best interests at heart. After all, you deserve a healthy workforce that appreciates the best possible benefits.